NBNK Investments Plc has submitted a new offer to Lloyds TSB, as the embattled retail bank needs to sell 632 of its branches in order to comply with EU regulations.
Tag Archives: Current Account Charges
Tesco shareholders call for scale back of banking business
The shareholders of one supermarket chain have called for a scaling back of its banking business and its ventures in the UK, reminding the company that it needs to focus less on providing current accounts to consumers but on rebuilding its stagnant retail business at home, sources say.
MPC votes once more to leave base rate at 0.5%
The Bank of England’s Monetary Policy Committee has chosen to yet again let the base interest rate for the country at its 0.5 per cent rate for another month, even as experts point out that throughout the 3 centuries that the BoE has been in operation, this rate is the lowest it has ever been.
Credit card borrowing being repaid at record rate
Consumer lending from such sources as credit cards and other personal unsecured credit is being repaid at record rates, according to new information from the British Bankers’ Association.
BoE increases quantitative easing by £50 billion
The Bank of England, which recently voted to keep the base interest rate at its ultra-low 0.5 per cent level for yet another month and thus earning the ire of beleaguered savings account holders, also decided to extend its quantitative easing programme by an addiitonal £50 billion, sources say.
Savings account activity in the UK fluctuates
While the Bank of England may still cling to the idea that we’re ‘a nation of savers,’ new research indicates hat savings account activity in the UK has been fluctuating over the past few years, and not necessarily for the better.
Inflation set to fall by significant margin this week
Inflation is set to fall by a significant margin as measured by the Consumer Prices Index this week, spelling relief for savers that have been fretting over the meagre gains from their low interest rates getting washed away by the rising cost of living.
Inflation may drop, brining solace to savings account holders
Savings account holders may soon have something to rejoice, as a new output index from a leading accountancy network has dropped for the seven month in a row, experts recently reported.
NS&I website crashes, leaves 23m savers in the dark
A catastrophic failure of the website for National Savings & Investments, the government’s savings accounts arm, has left 23 million savers out in the cold over the Premium Bond prize draw winners for January.
Savings accounts shrink, debt grows in run up to Christmas
Savings accounts are shrinking and debt is growing in the run up to Christmas, even though spending for the year has been down, according to the Bank of England.
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